Posts Tagged ‘fines’

We define taxes as ANY amount of money that we are compelled to pay the Government. The government/politicians (past and present) use many different words to define what they TAKE from us, the citizens. These range from taxes to fees, fines, levies, tolls, etc.

Here is a chart that we have compiled that gives a rough estimation for the amount of taxes that people pay per state. We have done two cases, the first is a person with a $30,000 Adjusted Gross Income, and the second is a person with a $100,000 adjusted Gross Income. For a more detailed breakdown of our calculations and where we arrived at the rates click here.

To keep this simple we have assumed a Single Tax Filer and we are not going to include the people in this country that, according to the press, do not pay any(?) taxes.

This is where we would like to start the discussion.

As you can see our basic calculations show that someone making $30,000 can expect to pay a minimum 26.86% in Wyoming, up to a maximum (when we say maximum, we mean in our calculations, this does not include PASS THROUGH taxes) 46.34% in New Jersey. That means that for every $1 that you earn in Wyoming you will pay 27 cents to the government. Another way of looking at this number, you have to work until the middle of March before you earn any money for yourself. In New Jersey, for every $1 that you earn you will pay 46 cents. You have to work into June before you earn any money for yourself.

These calculations are CONSERVATIVE, meaning that we feel any errors that we have made, actually produce a lower tax rate than reality. We have assumed, for instance, that this tax payer never buys alcohol or cigarettes. The taxes on these products is ASTRONOMICAL. Also, we have not included in our calculations the matching amounts (federal tax and medicare) that an employer pays, on the workers behalf. This amounts to another 7.65% of the filer’s earnings. Just add it to the above numbers. These taxes are paid by the employer, so they are a part of doing business and are included in the final price of products. Ultimately this tax is paid by the final consumer. Just because we have not included it in our calculation, does NOT mean that this filer does not pay it. Another tax that is not included is any telecommunications taxes or fees. If you have a telephone, you pay something. If you use the internet, you pay something.

How much of what you pay for any product, can be attributed to a tax? Did the company, that you purchased the product from, have any shipping? They paid tax on any fuel used in transportation, and have included that amount in the final purchase price you paid. I guarantee it. If they do not include it, they are operating at a loss and will not be in business long. This is basic and not the only example of taxes that are PASSED THROUGH to the final consumer.

How much do you think you should pay in Taxes?

Do you feel that it should take 60,000 pages, of Tax Code, to compel people to pay these taxes?

Write your Representatives and Senators, both local and federal. This is the only way we can change the status quo.